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Treasurer: Ada County portfolio yield near 3.8%; Fed cuts create reinvestment risk
Summary
Treasurer Rob Brown presented Ada County—s November investment report, citing an average yield-to-maturity of 3.8%, $770,000 interest for the month and $1.7 million to date. Brown warned that recent Federal Reserve rate cuts create reinvestment risk as maturities occur.
Rob Brown, identified in the transcript as representing the Treasurer—s Office, presented the county—s November investment report and a monthly briefing on collections and upcoming fiscal tasks.
Brown told the board the portfolio—s average yield-to-maturity stood at about 3.8 percent for the month. He reported total interest for the month was roughly $770,000, with $1.7 million collected…
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